5 Year CIP Presentation5-Year Capital Improvement Plan
Development of the Plan
Pavement Management Study
Draft Parks and Facilities Master Plan project list
Current needs Assessment
Historical Funding Sources
Gas Tax
Community Development Block Grant (CDBG)
Redevelopment Tax Increment
Proposition C
Measure R
Grants
Engineering
Engineering
Engineering Funding
Gas Tax $380,000
Proposition C $475,000
Measure R $377,000
Total Annual Funding $1,232,000
2015/16 Funding - $1,725,000
Buildings
Parks
Buildings and Parks
Buildings $1,440,000
Parks $1,005,000
Total $2,445,000
Funding Mechanisms
Development Impact Fees – Can pay for new projects or amenities, but may not be used for maintenance type projects.
Issue Debt – Private placement, Certificates of Participation, California Infrastructure & Economic Development Bank
Flexible terms and low interest rates
General Fund Reserves